The Green Finance Committee of the China Biodiversity Conservation and Green Development Foundation (referred to as "CBCGDF-GreenFinance") was established on November 9, 2018. As a professional secondary organization dedicated to promoting biodiversity conservation and green development, CBCGDF-GreenFinance envisions advancing green finance and sustainable investment and financing in the era of ecological civilization, while building a global community for the harmonious coexistence of all life on Earth.
Green finance, as a sustainable financial model, holds significant importance. It emphasizes integrating environmental factors into financial decision-making and investment processes to facilitate green economic transformation and ecological protection, thus achieving a virtuous cycle of economic development and ecological benefits. Biodiversity conservation and green development represent major challenges faced by the world today and are crucial factors for safeguarding human well-being and sustainable development. In this context, the establishment of the Green Finance Committee of CBCGDF holds important practical significance and profound influence.
The purpose of CBCGDF-GreenFinance is to promote the development of green finance and facilitate the organic integration of biodiversity conservation and green development. By guiding financial institutions and businesses to incorporate biodiversity conservation into their operational strategies and investment decisions, the committee is committed to building an ecologically friendly financial system, promoting the development of a green economy, and achieving a win-win situation between economic growth and ecological protection.
The mission of CBCGDF-GreenFinance is to provide professional consulting services and promote the formulation and implementation of green finance policies. Through research and investigations, in-depth analysis of the current status and issues in the development of green finance, and proposing relevant policy recommendations, the committee supports government departments and financial institutions in formulating scientifically effective sustainable investment and financing policies. Furthermore, active efforts are made in standard development, dissemination, and capacity building to enhance public and financial practitioners' awareness and understanding of green finance, as well as to promote consensus and support from all sectors of society regarding sustainable investment and financing.
The key areas of focus for CBCGDF-GreenFinance's work include the following:
Firstly, serving China's scientific decision-making and providing consultation to decision-makers. For instance, the "Catalog of Green Bond Support Projects (2021 Edition)" jointly released by the People's Bank of China, the National Development and Reform Commission, and the China Securities Regulatory Commission adopted 17 relevant policy recommendations from the China Biodiversity Conservation and Green Development Foundation.
Secondly, conducting research and development, as well as formulating standards and guidelines in the field of green finance, ESG, and others. By participating in the formulation and promotion of domestic and international standards, support is provided for the construction of the global community for the harmonious coexistence of all life on Earth. For example, national group standards such as the "China Responsible Investment Principles" (T/CGDF 00010-2021) and "ESG Evaluation Standards" (T/CGDF 00011-2021) have already been formulated and published.
Thirdly, actively promoting the innovation and development of green financial products. By encouraging financial institutions to launch more green bonds, green loans, green insurance, and other green financial products, the Green Finance Committee facilitates the financing of green projects and promotes the rapid development of green industries. Additionally, the committee attaches importance to green finance risk management and information disclosure, enhancing risk assessment and supervision of green investment projects, and improving the risk management capabilities of financial institutions in green finance.
Fourthly, serving the construction of the green Belt and Road Initiative (BRI) by providing consulting services for overseas projects. For instance, CBCGDF-GreenFinance has provided consultations on issues related to the Sumatran orangutan and hydropower projects, as well as the "Save Lamu" campaign and the Lamu coal-fired power station project in Kenya, thereby promoting dialogue and communication among multiple stakeholders.
Compiled by: Littlejane
Reviewed by: XQ